Briana City provides a defined benefit pension plan for its full-time employees. The city includes the plan as a pension trust fund in its fund financial statements.
REQUIRED:
Using the information below, prepare a statement of fiduciary net position and a statement of changes in fiduciary net position for the pension trust fund. 
Definitions:
Sarbanes-Oxley Act
A U.S. law enacted in 2002 aimed at protecting investors from fraudulent accounting activities by corporations.
Top Executives
Senior-level managers and officers in an organization who are responsible for overseeing its strategic direction and making high-level decisions.
Clan Control
A method of managing based on shared values, beliefs, norms, and traditions among company members, which influences members' behaviors and contributes to organizational culture.
Organizational Culture
The shared values, beliefs, and practices that shape the social and psychological environment of an organization.
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